News | Rural
20 Jul 2019 10:45
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Rural

    Fonterra's bosses are wrestling with a major debt issue, as they look to shed more overseas interests

    Fonterra's bosses are wrestling with a major debt issue, as they look to shed more overseas interests


    Fonterra
    Fonterra
    The dairy giant is trying to wipe 800 million dollars of debt off its plate.

    Fonterra's CEO Miles Hurrell says he's reviewing the company's joint venture with Nestle in Brazil, and rethinking two farm hubs in China.

    Dairy industry analyst and economist Peter Fraser says the company owes about as much as its worth.

    He says it's a 7.4 billion dollar company, that's got 7.3 billion dollars of debt.

    © 2019 Newstalk ZB, NZCity


     Other Rural News
     18 Jul: A big payday's coming for farmers in New Zealand's second-biggest dairy co-op
     18 Jul: Fonterra's being urged to use bio-waste to dry milk powder
     04 Jul: Fonterra shares are falling fast
     02 Jul: An honour for the woman whose research led to the discovery of Mycoplasma bovis
     07 Jun: The Agricultural Minister is defending changes to the laws around the dairy industry
     07 Jun: Farmers are asking the government for help
     06 Jun: Fonterra says Government's tweaks to Dairy Industry Restructuring Act are good but don't go far enough
     Top Stories

    RUGBY RUGBY
    World Rugby has announced the referee appointments for the pool stage of Rugby World Cup 2019 More...


    BUSINESS BUSINESS
    You'll no longer get a warning saying "flight selling out" as you book cheap seats on Air New Zealand More...



     Today's News

    Entertainment:
    Pixie Geldof has seen a UFO and wants to meet an alien 10:39

    Rugby League:
    A number of backline injury concerns for the Warriors following their NRL win over the Sharks 10:26

    International:
    Moon landing: Do you have the right stuff to land this quiz? 10:16

    Entertainment:
    Reese Witherspoon's daughter has praised her as her "inspiration" 10:09

    International:
    US retail giant denies factory in Xinjiang makes their clothes despite video, satellite evidence 10:06

    Health & Safety:
    Fears that more babies will die because of issues at one of New Zealand's biggest hospitals 10:06

    Entertainment:
    Scott Disick is "really happy" that Sofia Richie and Kylie Jenner's friendship is back on track 9:39

    Golf:
    While he's surprised at his run, Shane Lowry's very much in contention for a maiden major victory at the British Golf Open in Northern Ireland 9:36

    Basketball:
    Australian Nick Kay's been named the National Basketball League's Most Valuable Player 9:26

    Entertainment:
    Kevin Spacey's criminal sexual assault case has been dropped 9:09


     News Search






    Power Search


    © 2019 New Zealand City Ltd